RBC Capital Sticks to Its Sell Rating for Deutsche Bank AG (DB)

By Ryan Adsit

In a report released today, Anke Reingen from RBC Capital maintained a Sell rating on Deutsche Bank AG (DBResearch Report), with a price target of $7.50. The company’s shares opened today at $8.03.

Reingen has an average return of 13.7% when recommending Deutsche Bank AG.

According to TipRanks.com, Reingen is ranked #1482 out of 5243 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.42, representing a -7.6% downside. In a report issued on June 20, UBS also maintained a Sell rating on the stock with a $5.70 price target.

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Deutsche Bank AG’s market cap is currently $16.13B and has a P/E ratio of 43.67. The company has a Price to Book ratio of 0.23.

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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate & Investment Bank (CIB); Private & Commercial Bank (PCB); and Deutsche Asset Management (Deutsche AM). The CIB segment refers to the corporate finance and global transaction banking businesses.